Norwest Mortgage Taps MIAC For Interest Rate Risk Analysis System
Norwest Mortgage, the mortgage origination and servicing subsidiary of Minneapolis-based Norwest Corporation, has implemented an integrated suite of market risk management applications in its Des Moines, Illinois headquarters.
The mortage company is using systems developed and marketed by the Mortgage Industry Advisory Corp. (MIAC), a mortgage banking and risk consultancy company.
Following its acquisition of Newark-based Prudential Insurance's residential mortgage origination and servicing arm
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